Welcome to the Age of Malware. It promises to be a huge downer and, possibly, a great tragedy. For years, we have regarded personal computers, the internet, smartphones and various digital devices as evidence that America continues to dominate the central new technology of our time. Just last week, Apple attained a stock market value of $1 trillion — the ...
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Zuckerberg is totally out of his depth
I might be the only person on Earth feeling sorry for the big boys of technology. Jack Dorsey from Twitter, Mark Zuckerberg from Facebook, all those Google nerds: They’re monumentally screwed, because they have no idea how to tame the monsters they have created. The way I see it, these guys — and they are mostly guys — were arbitrarily ...
Read More »Now maybe Taiwan will take cybersecurity seriously
I was at a hackers conference in Taipei a few years ago when I got talking to one of the country’s leading cybersecurity experts. I wanted to know the state of play in the ongoing cyber war between Taiwan and China. “There’s no war,†came the response. I was flummoxed. All day, stories had been flowing about attacks from China ...
Read More »Donald Trump’s border wall is a boondoggle
By the scandalous standards of recent policy on immigration, it may seem like small potatoes. With a federal court demanding that separated parents and young children be reunited, and the Trump administration saying it doesn’t know where all of them are, instances of ordinary incompetence might seem hardly worth mentioning. Even so, the findings of a new Government Accountability Office ...
Read More »China-US trade spat is just a start to economic cold war
China is not just another front in President Donald Trump’s war on trade. Unlike Mexico, Canada, Europe and other targets of the president, China will be a source of economic conflict for years to come, long after the tariff level on soybeans has been settled. Like the rivalry with the Soviet Union, economic competition with China may form a cold ...
Read More »This isn’t the moment to bet against Hong Kong property sector
Hong Kong’s banks are finally raising mortgage rates. This won’t stem price gains in the world’s most expensive city for real estate. Already up 14 percent this year, Hong Kong’s home prices now overshadow those of New York and London relative to incomes. A key reason behind the unstoppable gains: The big banks, flush with liquidity, have held off passing ...
Read More »Carmakers are choking on blue-sky emission rules
Mazda Motor Corp’s struggle to save the internal combustion engine from extinction threatens to choke in a cloud of faulty emissions tests. It may not be the only casualty: The widening global emissions scandal perhaps says as much about badly designed standards as the failings of automakers. Mazda has eschewed the industry’s rush to develop electric vehicles, seeking to prove ...
Read More »Air Arabia reports net profit of AED230mn in H1 2018
Sharjah / Emirates Business Air Arabia (PJSC) announced strong financial results for the first half ending on June 30, 2018 as the Middle East and North Africa’s first and largest low-cost carrier continued to deliver solid and sustained financial performance. Air Arabia reported a net profit of AED 230 million for the first half ending on June 30, 2018; a ...
Read More »Japan’s Don Quijote signals interest in Walmart chain Seiyu
Bloomberg Don Quijote Holdings Co.’s chief is interested in buying the Seiyu retail chain if Walmart Inc. is selling its Japanese operations. The Japanese discount store operator would take a serious look at Seiyu if Walmart puts it up for sale, according to comments made by Chief Executive Officer Koji Ohara at a briefing in Tokyo. He added that real ...
Read More »Virgin, BA criticise long wait times at Heathrow
Bloomberg Virgin Atlantic has joined British Airways in criticising long waiting times at passport control at Heathrow Airport, releasing figures showing that the Border Force hit its target for processing passengers from outside the European Economic Area on just one day in July. Virgin says passengers are “frustrated†as waits of more than two hours are becoming the norm. The ...
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